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34243126
34243125

Hwy 83 & 23rd St, Penitas, TX 78576

AP
TX 621734
Secure Net Lease
JC
TX 597891
Secure Net Lease
ML
TX 840834
Secure Net Lease
BM
TX 548333
Secure Net Lease
Listed by Secure Net Lease
$2,182,000
3 days on market
Updated 3 days ago

Corporate McDonald's

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,700
Cap Rate 3.85%
NOI $84,000
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King, McDonald's (+5)
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/15/2046
Remaining Term 20.1
Rent Bumps Yes
Lease Options (8), 5-Year Options to Renew
Year Built 2026
Acreage 1.330
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/15/2026
Ground Lease Yes

Opportunity Zone | Ground Lease | Prime US-83 Frontage Location Shadow-Anchored By Walmart

Marketing description

  • Brand New 20-Year Corporate Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years and (8) 5-Year Renewal Options
  • Tenant Strength: McDonald's USA, LLC (BBB S&P, world's most valuable restaurant brand- $40.5B, 2025) McDonald's offers exceptional financial stability, operational excellence, and leadership in QSR innovation. The company maintains a proven record of brand loyalty and consistent performance across economic cycles, reinforcing its reputation as a premier corporate tenant.
  • Prime Location within Liberty Corners Retail Center with Direct Frontage on US-83, a rapidly growing retail corridor shadow-anchored by Walmart Supercenter and a 136,000 SF Home Depot currently under construction and featuring national tenants including Denny’s, Chick-fil-A, Starbucks, Take 5, and 7-Eleven.
  • Directly Adjacent to the Future Penitas Crossing, a 58-acre master-planned retail center with announced national tenants Burlington, Ross Dress for Less, Marshalls, Five Below, LongHorn Steakhouse, and Olive Garden; poised to become the area’s dominant shopping destination.
  • Penitas, TX is Rapidly Transforming into a Regional Retail Destination fueled by millions in investment from major national retailers, with this commercial growth underscored by the city's infrastructure investments like the Liberty Blvd expansion into a 2.5-mile, four-lane roadway that increases Penitas' connectivity to its retail center.
  • With Nearly 1 Million Residents, the McAllen-Edinburg-Mission MSA is Emerging as a Powerhouse in cross-border commerce, advanced manufacturing, and healthcare, driven by strong GDP growth, rapid job creation, and significant infrastructure investment—positioning the region to attract capital and sustain long-term economic expansion.
  • Fueled by Rapid Population Growth and robust trade with Mexico, the Rio Grande Valley has matured into a dynamic regional economy supported by first-class commercial, retail, industrial, medical, education, and retirement sectors.

Investment highlights

  • Brand New 20-Year Corporate Absolute NNN Ground Lease With 10% Rental Increases Every 5-Years
  • Prime US-83 Frontage Location | Rapidly Expanding Retail Corridor | +39k VPD
  • Shadow-Anchored By Walmart Supercenter & Home Depot | Located Alongside Numerous National Tenants Within Liberty Corners Retail Center and Adjacent To 58-Acre Penitas Crossing Development
  • McAllen-Edinburg-Mission MSA Growth (1M+ Pop) Fueling Investment In Penitas With $40M+ In New Retail And $13M+ In The Liberty Blvd Expansion
  • The Rio Grande Valley Is One Of The Fastest-Growing Regions In The U.S., With Population Expected To Nearly Double By 2045

Listing Contacts

AP
TX 621734
Secure Net Lease
JC
TX 597891
Secure Net Lease
ML
TX 840834
Secure Net Lease
BM
TX 548333
Secure Net Lease
Listed by Secure Net Lease

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,000.00
$7,000.00/mo

Valuation Metrics

0
DSCR
3.85%
Cap Rate
3.85%
ROI

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Additional Information

Name
Anthony Pucciarello
License
621734
Name
Joe Caputo
License
597891
Name
Morgan LeCorgne
License
840834
Brokerage
Secure Net Lease
Brokerage Phone
2144447878
Title
Broker Associate
Brokerage Address
10000 North Central Expressway
Name
Bob Moorhead
License
548333
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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